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New Listing – Duplex For Sale in Long Beach

New Listing – Duplex For Sale in Long Beach

Anthony DiMassa and Kevin Kretzmer are proud to present 2208 W Cameron St, a duplex for sale in Long Beach!

Listed at $550,000, this property has a 4.96% cap rate and a 14.81 GRM

This property boasts a desirable unit mix of (2) 2-bed/1-bath units and a double car garage in the front with laundry hookups. The lot is also 3,000 sqft and has just under 1,200 of livable sqft for both units. 2208 W Cameron St has very easy access to all major freeways and is in close proximity with the city’s public transportation system.

Long Beach is experiencing some incredible new developments such as the New Long Beach Civic Center Project, Queen Mary Island Development, and countless others that will add up to over $1 Billion dollars injected into the city over the next 5-10 years!

Investment Highlights: 

  • Desirable Unit mix consisting of (2) 2-bed/1-bath units
  •  Double Car Garage
  • Laundry hook ups inside garage
  •  Sits on 2,999 sqft lot and has 1,157 livable sqft
  • Just minutes away from all major Freeways!

City Overview: 
Long Beach is one of the most exciting cities to invest in thanks to its coastal location, beautiful weather, convenient transportation, and massive civic, residential, and entertainment development. $8 billion of public and private investment funds are pouring into Long Beach, including over 70 ongoing and forthcoming redevelopment projects. The Long Beach Civic Center is already undergoing a complete overhaul, including a brand new City Hall and Main Library, headquarters for the Port of Long Beach, and multifamily housing. Three new buildings are planned which will claim the title of tallest buildings in Long Beach. And recently, the City announced plans to develop its entire waterfront and transform the city skyline within the next five years.

Downtown Long Beach is a flourishing urban community featuring a waterfront harbor, a historic architectural district, and a cultural arts scene. The Pine Avenue District provides many restaurants, shopping, and nightlife options. Downtown Long Beach boasts major tourist attractions such as the Aquarium of the Pacific and the Queen Mary, both of which will be adding major expansions, as well as the Toyota Grand Prix racing event and the Long Beach Convention Center. Long Beach has a population of 471,000 and is home to major businesses such as Molina Healthcare, Verizon, and the Port of Long Beach. The Mercedes Benz US West headquarters and Virgin Galactic also are locating to Long Beach on the site of the former Boeing campus. Located near the 405 and 710 freeways, and with access to the Metro Blue Line train, Long Beach provides easy commutes to major employment hubs in Los Angeles and Orange County.

 

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